Bookmarks

Analysis

Bookmarks is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bookmarks reported income of $2.3m and spending of $2.1m, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $2.3m (+67%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bookmarks sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Intergenerational High School ($2.3m), Embers Academy ($2.3m) and Northstar Christian Academy ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 28% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $73k (3.5% of expenses). Other salaries and wages came to $424k. At year end it held assets of $2.4m against liabilities of $1.0m, net assets of $1.4m. It reported 24 employees.